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ICICIdirect Vs HDFC Securities (Compare ICICIdirect and HDFC Securities)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.

HDFC Securities Ltd Logo

About HDFC Securities
HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. Funds / shares are seamlessly moved from the linked Demat/Bank account to execute the transactions. HDFCsec provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and... Know more about HDFC Securities Ltd

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ICICIdirect Vs HDFC Securities

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India.

  ICICIdirect HDFC Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE
Year of Incorporation 2000 2002
Number of Branches 154 270
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ICICIdirect Vs HDFC Securities Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while HDFC Securities account opening changes is Rs 999. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and HDFC Securities Demat Account AMC Charges is Rs 750.

  ICICIdirect HDFC Securities
Trading Account Opening Charges Rs 0 (Free) Rs 999
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 750

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ICICIdirect Vs HDFC Securities Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type ICICIdirect ICICI Neo Plan HDFC Securities Online Trading
Fixed Charges NA NA
Equity Delivery 0.55% 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 0 (Free) 0.05%
Equity Options Rs 20 per order Rs 100 per lot or 1% of the premium (whichever is higher)
Currency Futures Rs 20 per order Rs 23 per contract
Currency Options Rs 20 per order Rs 20 per contract
Commodity Futures Rs 20 per order 0.02% for Intraday / 0.025% for positional
Commodity Options Rs 20 per order 0.02% for Intraday / 0.025% for positional
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.

ICICIdirect Vs HDFC Securities Brokerage Plan 2

  ICICIdirect HDFC Securities
Account Type I-Secure Plan Online Trading
Fixed Charges NA NA
Equity Delivery 0.55% 0.50%
Equity Intraday 0.275% 0.05%
Equity Futures 0.05% 0.05%
Equity Options Rs 95 per lot Rs 100 per lot or 1% of the premium (whichever is higher)
Currency Futures Rs 20 per order Rs 23 per contract
Currency Options Rs 20 per order Rs 20 per contract
Commodity Futures Rs 20 per order 0.02% for Intraday / 0.025% for positional
Commodity Options Rs 20 per order 0.02% for Intraday / 0.025% for positional
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ICICIdirect Charges Vs HDFC Securities

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 25 plus taxes
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 0

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ICICIdirect Vs HDFC Securities Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while HDFC Securities exchange transaction charges for options is 0.050% (on premium).

  ICICIdirect HDFC Securities
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.00325%
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.00325%
Equity Futures Rs 180 per Cr (0.0018%) .00190%
Equity Options Rs 5000 per Cr (0.05%) (on premium) 0.050% (on premium)
Currency Futures Rs 120 per Cr (0.0012%) 0.00110%
Currency Options Rs 5000 per Cr (0.05%) (on premium) 0.040% (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) NA
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ICICIdirect Vs HDFC Securities Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the HDFC Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect HDFC Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and HDFC Securities Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. HDFC Securities offers ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify trading software.

  ICICIdirect HDFC Securities
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes No
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify
Intraday Square-off Time 3:30 PM 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader E-Margin, ENCASH,
Referral Program
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ICICIdirect Vs HDFC Securities Review

ICICIdirect is rated 2.4 of 5 based on 460 customer reviews whereas HDFC Securities is rated 2.2 of 5 based on 214 customer reviews.

  ICICIdirect HDFC Securities
  460 Customer Reviews    Rate ICICIdirect 214 Customer Reviews    Rate HDFC Securities
Fees 2.2 2.1
Brokerage 1.7 1.8
Trading Platform 3.3 2.9
Customer Service 2.7 2.5
Research Capabilities 2.9 2.7
Overall Ratings Rated 2.4 stars Rated 2.2 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 460 customer reviews HDFC Securities is rated 2.2 of 5 based on 214 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire HDFC Securities Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.

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ICICIdirect Vs HDFC Securities Investment Options

  ICICIdirect HDFC Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

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ICICIdirect Vs HDFC Securities Order Type Offered

  ICICIdirect HDFC Securities
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
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ICICIdirect Vs HDFC Securities Research Report

  ICICIdirect HDFC Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs HDFC Securities Suitable For Investor Type

  ICICIdirect HDFC Securities
Casual Investor Yes Yes
Active Investor
Trader

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ICICIdirect Vs HDFC Securities - Pros and Cons

  ICICIdirect HDFC Securities
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of Rs 25
Reviews
Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

HDFC 3-in-1 Account

HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: Rs 750 demat account AMC is waived when you open your 3-in-1 account.

Interested in opening a trading account? Request Callback from a stock broker.

Open ICICIdirect AccountEnquire HDFC Securities

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